Saving Money is the Best Medicine

February 28, 2012 | By | Reply More

Two young entrepreneurs are laying down a challenge to NHS health and hospital trusts: “Let us save you money.”


29-year-olds Nick Coleman and Udhi Silva launched just under a year ago.


Medical Supermarket is the ‘Amazon’ for the healthcare industry; an online, one-stop shop selling everything from printer paper to ECG machines.


Independent GP surgeries, dentists, opticians, hospitals and care homes who use the site are already reporting savings of TENS of thousands of pounds.


It’s success is born out of Nick and Udhi’s passion for buying and negotiating the best possible deal, combined with an altruistic desire to save the healthcare industry money.


Now Nick and Udhi would like to bring their money-saving skills to the NHS – but complicated procurement rules make it difficult for NHS managers to access their innovative online service.


Nick says: “The pressure is on for the Government to release billions from the NHS budget, together the increasing quality standards and paperwork overload – the NHS is facing a very challenging time.


“But NHS managers lack the opportunity to save money by negotiating on goods and services because they’re tied up in process and beaurocracy which all adds cost and deters commercially savvy businesses. Quite simply, it means they’re not getting the best deals.


“Our challenge to the NHS is simple: “Let us save you money.” I’m confident that given an average hospital purchasing budget, we could deliver 15% savings, equating to millions of pounds reinvested back into patient care.”


The NHS is being forced to find £15bn – £20bn of efficiency savings by 2015, putting huge pressure on frontline services. takes the hassle out of sourcing different products from different suppliers by putting pre-negotiated products and services used by the healthcare industry under one virtual roof.


Nick and Udhi believe the site not only offers the opportunity to save money – which can be reinvested in patient care – but also saves precious time too, allowing doctors and managers to spend more time with their patients.


Udhi says: “We have created exactly what this industry is craving. A simple solution that focuses on delivering best value by stripping out administration and driving improvements in quality. We know how to buy but more importantly we know how to buy healthcare.”

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